Revolut vs WorldRemit: Which one is better? (2024 review)

If you’re sending money overseas, or looking for currency exchange with the best possible exchange rates, you may be considering using a digital service like Revolut¹ or WorldRemit². But which is better?

This guide covers all you need to know to decide which provider will suit your needs best. We’ll also introduce another alternative - the Wise Account and card, which lets you hold 50+ currencies, and spend in 170+ countries with the mid-market exchange rate and low, transparent fees¹⁰.

What is Revolut?

Revolut describes itself as a financial super app, with account and card services covering 25+ currencies, plus a linked Revolut card for international spending in 150+ currencies.

You can open a Revolut account for free, or choose a plan which has a monthly fee if you need extra features. Options include foreign exchange, money transfers, insurance, and tools for investing, budgeting and saving.

What is WorldRemit?

WorldRemit is a specialist in international payments, which offers transfers set up online and in the WorldRemit app, and paid out for cash collection, to bank and mobile money accounts, or sent as airtime top-ups.

You can send money to over 130 countries with WorldRemit, although the exact services available - and the fees you’ll pay - do vary depending on the destination country.

Pros & Cons

Foreign exchange rates and fees

Revolut offers accounts you can use to hold a balance, while WorldRemit is more focused on international payments. Both providers appeal to people who need to convert currencies and send money overseas - which means the exchange rates which apply are important.

Here’s a loot at the Revolut vs WorldRemit fees and exchange rate information you need to know about:

Get a Wise Account today for free - and send money overseas with low fees

If you’re looking for a better way to send money overseas, spend and withdraw in foreign currencies, and get the mid-market exchange rate with no markup, it’s worth also checking out the Wise Account and card to see if you can save.

Open a Wise Account for free, with no monthly fee and no minimum balance¹⁰. You can top up your account in USD or the currency of your choice, with local bank details in USD, EUR, GBP and more to get paid from 30+ countries. Convert your funds to any of the supported 50+ currencies for holding, send payments to 80+ countries, and get a linked Wise card to spend and withdraw in 170+ countries. All currency exchange uses the mid-market exchange rate, which could drives down your costs versus a bank.

Not sure if Wise is right for you? There’s also a Wise vs Revolut head-to-head comparison here if you want to learn more.

See how much you can save with Wise:

Features

As we’ve mentioned, Revolut and WorldRemit each have a slightly different focus. Where they overlap is in international payment services and currency conversion. Here’s a quick overview of how some of the features available from each provider match up:

Support & Availability

You can get a Revolut account if you’re based in the European Economic Area (EEA), Australia, Singapore, Switzerland, Japan, the United Kingdom or the United States⁵. Accounts hold 25+ currencies, and the Revolut card can be used around the world.

If you have a Revolut account, you’ll be able to open a live chat within the Revolut app to get help with any questions you might have. There’s also a dedicated phone number in case you have to block your Revolut card and can’t do so in your app - call the team on +18447443512⁶.

If you’re in the US, you can use WorldRemit to send payments to 130+ countries⁷.

If you have a WorldRemit transfer in progress and need to talk to someone, you can call +1 855 383 7579 for service in the US⁸. There are also dedicated phone numbers for many other regions and countries, which are available on the WorldRemit contact page.

Trustworthiness & Safety

Both Revolut and WorldRemit are safe providers to choose as long as you follow the same basic safety precautions you would with any financial service provider.

Revolut is overseen by financial regulators around the world wherever it operates, and uses a broad range of automatic and manual approaches to keep customers and their accounts safe. Read more about how Revolut keeps customers safe, here.

WorldRemit is also regulated in the US and around the world. You can find details of the licenses held for each US state on the WorldRemit website.

Bottom line: Which one is better?

Whether Revolut vs WorldRemit is better for you depends on the type of transactions you need to make.

Revolut stands out for its account services, which include multi-currency holding options, and a linked card. You can also convert currencies with the mid-market rate to your plan limits, and send a fixed number of international payments every month with no fee. That makes it a good all-rounder if you’re looking for a broad suite of services with relatively low fees.

WorldRemit might be right for you if you need to send a payment for cash collection, to a mobile wallet or as an airtime top up. These services aren’t supported by Revolut - but WorldRemit can get your money moving with a great range of payout options, often pretty much instantly.

Use this guide to compare the options available to you, and don’t forget to also look at the Wise Account and card which may offer a bigger range of currencies for holding and exchange, plus fast payments to bank accounts in 80+ countries.

Get a Wise Account today